19 March 2021
Audioboom Group plc
("Audioboom" or the "Company")
Grant of share options
The Board ("Board") of Audioboom (AIM: BOOM), the leading global podcast company, announces that it has today granted the following options to subscribe for new ordinary shares in the Company ("Options") to certain of its directors:
| Director | Position | Options granted | Exercise price | Total options now held |
| Stuart Last | Chief Executive Officer | 50,000 | 445p | 300,000 |
| Brad Clarke | Chief Financial Officer | 50,000 | 445p | 235,000 |
The grants have been made pursuant to the Company's share option scheme which was adopted on 19 May 2014 (the "Scheme"). The Options may vest and become exercisable over a three year period, subject to the satisfaction of performance conditions relating to how the Company performs by reference to its internal budgets and external market expectations in each of the financial periods ending 31 December 2021, 31 December 2022 and 31 December 2023. They may also vest in certain other prescribed circumstances as provided for in the terms of the Scheme.
Following the above grant of Options, the Company has a total of 1,151,071 options to subscribe for new ordinary shares in the Company outstanding, which represents 7.3 per cent. of the Company's issued share capital.
The FCA notifications in respect of the above Option grants, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.
Enquiries
| Audioboom Group plc | Tel: +44(0)300 303 3765 |
| Michael Tobin, Chairman Stuart Last, Chief Executive Officer Brad Clarke, Chief Financial Officer | |
| | |
| Allenby Capital Limited (Nominated Adviser and Broker) | Tel: +44(0)20 3328 5656 |
| David Hart /Alex Brearley/Asha Chotai (Corporate Finance) David Johnson (Corporate Broking and Equity Sales) | |
About Audioboom
Audioboom is a global leader in podcasting - our shows are downloaded more than 85 million times each month by 25 million unique listeners around the world. Audioboom is ranked as the fifth largest podcast publisher in the US by Triton Digital.
Audioboom's ad-tech and monetisation platform underpins a scalable content business that provides commercial services for a premium network of 250 top tier podcasts, with key partners including 'Casefile True Crime' (US), 'Morbid' (US), 'True Crime Obsessed' (US), 'The Morning Toast' (US), 'No Such Thing As A Fish' (UK), and 'The Cycling Podcast' (UK).
The Audioboom Originals Network is a slate of content developed and produced by Audioboom including 'Baby Mamas No Dramas', 'Covert', 'It's Happening with Snooki & Joey', 'Mafia', 'Huddled Masses' and 'What Makes A Killer'.
Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia. For more information, visit audioboom.com. The platform allows content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook and Twitter as well as a partner's own websites and mobile apps. For more information, visit audioboom.com.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Stuart Last | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Audioboom Group plc | ||||
| b) | LEI | 213800QO681575J97813 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument
| Options to subscribe for Ordinary Shares of no par value | ||||
| Identification code | ISIN: JE00BJYJFG60
| |||||
| b) | Nature of the transaction | Grant of options to subscribe for Ordinary Shares of no par value | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: ·Aggregated volume ·Price | N/A
| ||||
| e) | Date of the transaction | 19 March 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Brad Clarke | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Audioboom Group plc | ||||
| b) | LEI | 213800QO681575J97813 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument
| Options to subscribe for Ordinary Shares of no par value | ||||
| Identification code | ISIN: JE00BJYJFG60
| |||||
| b) | Nature of the transaction | Grant of options to subscribe for Ordinary Shares of no par value | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: ·Aggregated volume ·Price |
N/A | ||||
| e) | Date of the transaction | 19 March 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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